STEEL EXCHANGE INDIA LIMITED (STEELXIND) — deviation variation

📢 Key Event
Board approves Q1 FY27 results and director appointments

🔄 What Changed
Debt-Equity improved to 0.27 from 0.42; Current Ratio rose to 2.57 from 1.74

🔮 What's Next
AGM notice issued for shareholder approval of director terms and fund utilization

💡 Investor Takeaway
Improved leverage ratios signal stronger balance sheet health ahead of AGM decisions

The Board approved unaudited Q1 FY27 results showing revenue of ₹26,971.39 lakhs and net profit of ₹1,237.04 lakhs (EPS ₹0.09), with key ratios improving to Debt-Equity of 0.27 and Current Ratio of 2.57. Remuneration for Whole-time Director Mr. Mohit Sai Kumar Bandi was approved for 2 years subject to shareholder vote, and Ms. Bhagyam Ramani's directorship was extended beyond age 75. The filing confirms no material deviation in fund utilization from the ₹3,4158 crore raised via convertible warrants for capex and working capital, with audit committee and auditor validation of asset valuations and covenant compliance.

📄 View Original Announcement (PDF)

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